Public Employees Retirement System of Ohio Takes $5.91 Million Position in Onto Innovation Inc. $ONTO

Public Employees Retirement System of Ohio purchased a new position in shares of Onto Innovation Inc. (NYSE:ONTO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,613 shares of the semiconductor company’s stock, valued at approximately $5,909,000.

A number of other hedge funds also recently modified their holdings of the stock. Parallel Advisors LLC grew its holdings in Onto Innovation by 16.5% during the first quarter. Parallel Advisors LLC now owns 395 shares of the semiconductor company’s stock valued at $81,000 after purchasing an additional 56 shares during the period. Kestra Advisory Services LLC raised its stake in shares of Onto Innovation by 4.9% in the first quarter. Kestra Advisory Services LLC now owns 1,368 shares of the semiconductor company’s stock valued at $281,000 after buying an additional 64 shares during the period. Fiduciary Financial Advisors purchased a new position in shares of Onto Innovation during the 2nd quarter valued at $25,000. Root Financial Partners LLC lifted its position in shares of Onto Innovation by 71.2% during the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 74 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Onto Innovation by 8.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,165 shares of the semiconductor company’s stock worth $186,000 after acquiring an additional 92 shares during the period. Institutional investors own 98.35% of the company’s stock.

Key Onto Innovation News

Here are the key news stories impacting Onto Innovation this week:

• Positive Sentiment: Analyst estimates increased: Zacks Research raised its “Strong Buy” outlook and lifted EPS forecasts across 2026–2028. Estimates now call for $7.88 in FY2026, $10.88 in FY2027 and $12.22 in FY2028, up from prior forecasts of $6.78, $8.71 and $9.44, respectively. The firm also increased its Q3 2026 estimate to $2.20 from $1.73. The revisions suggest stronger anticipated demand and earnings growth for Onto’s semiconductor-inspection business. MarketBeat Onto Innovation analyst estimates
• Neutral Sentiment: Insider stock sale: Director Lynch sold 1,000 shares for approximately $302,000 on August 21, representing about 27% of his directly held shares before the filing. The sale may raise caution about insider sentiment, although it does not establish that management expects weaker operating results. Onto Innovation director stock sale
• Negative Sentiment: Shareholder investigation announced: Levi & Korsinsky said it is investigating possible breaches of fiduciary duties by certain Onto Innovation officers and directors. The announcement does not allege that wrongdoing has been proven, but it creates legal and governance uncertainty and is the clearest near-term negative catalyst for the stock. Levi and Korsinsky Onto Innovation investigation

Onto Innovation Price Performance

ONTO opened at $254.95 on Thursday. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $12.51 billion, a P/E ratio of 95.85, a PEG ratio of 0.84 and a beta of 1.59. The stock has a 50-day moving average price of $296.63 and a 200-day moving average price of $267.77. Onto Innovation Inc. has a 12-month low of $101.06 and a 12-month high of $386.46.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.24. The company had revenue of $343.13 million for the quarter, compared to analysts’ expectations of $325.29 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.Onto Innovation’s revenue for the quarter was up 35.3% compared to the same quarter last year. During the same period last year, the firm posted $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Equities analysts predict that Onto Innovation Inc. will post 8.04 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Susan D. Lynch sold 1,000 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $302.30, for a total value of $302,300.00. Following the completion of the sale, the director owned 2,684 shares of the company’s stock, valued at approximately $811,373.20. This represents a 27.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ONTO. B. Riley Financial reissued a “buy” rating on shares of Onto Innovation in a report on Friday, August 7th. Zacks Research upgraded shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Morgan Stanley reiterated an “overweight” rating and issued a $383.00 target price on shares of Onto Innovation in a research note on Friday, August 7th. Jefferies Financial Group boosted their price target on shares of Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Needham & Company LLC upped their price target on shares of Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Onto Innovation currently has an average rating of “Buy” and a consensus target price of $380.30.

Onto Innovation Company Profile

Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.

Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.